Lead Story Picture

2nd Circ. Tosses Citibank Appeal Of Argentina Bond Ruling

The Second Circuit on Friday dismissed Citibank NA's appeal of a New York federal judge's order preventing it from processing an upcoming payment on $8.4 billion in Argentine sovereign debt, a day after the bank's lawyer argued that the lower court's ruling has "put a gun to our head."

  • Peanut Execs Found Guilty In Landmark Salmonella Trial

    Three former Peanut Corp. of America officials, including its former CEO, were convicted Friday of charges stemming from their roles in enabling the sale of the contaminated peanut products behind a salmonella outbreak that killed at least nine people.

  • Broker Cops To Relaying Simpson Thacher Clerk's Inside Tips

    A Citibank NA mortgage broker pled guilty Friday to receiving illegal stock tips from a former Simpson Thacher & Bartlett LLP clerk and relaying the information to another broker by writing ticker symbols on napkins before eating the evidence.

  • GSK Fined Record $489M For Bribery In China

    GlaxoSmithKline PLC was fined a record 3 billion yuan ($488.5 million) on Friday for bribing doctors in a verdict handed down by a Chinese court, which also sentenced several of the drugmaker’s executives to up to four years in prison, according to Chinese media reports.

  • Senate Gives Final OK To ISIS Fight Aid, Avoids Shutdown

    The U.S. Senate on Thursday overwhelmingly approved funding for Syrian rebels to battle the Islamic State militant group, as part of a short-term spending bill that will fund the federal government through early December and avert another shutdown.

  • Home Depot Says Data Breach Used 'Unique' Malware

    Home Depot USA Inc. said Thursday that hackers involved in the store’s recent data breach used “unique, custom-built” malware never seen in previous attacks to access information for 56 million payment cards.